Michael Meurs, CFO of Dutch retail giant Ahold, has revealed that the company’s operations in Asia will reach the black by the end of 2002.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The 100-strong grocery chain in Asia has so far proved disappointing for Ahold, and CEO Cees van der Hoeven has separately told shareholders: “Our activities in Asia are still modest in scope, but we are consolidating our position there. These markets have enormous growth potential in the long term.” The group’s operations in Poland are also likely to continue making losses through this year.


The news was announced at the Deutsche Bank Global Food Retail Conference last week.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now